Jefferies Says Investors Should Continue to Own Dollar Tree (DLTR) After Q4

Jefferies reiterated its Buy rating and $100 price target on Dollar Tree (NASDAQ: DLTR) following Q4 results.

The firm comments, "We think investors should continue to own DLTR shares as growth outpaces the industry. Our optimism stems from market share gains as evidenced in a comp store sales gain driven almost entirely by traffic. Barring major gas price increases, the gross margin outlook is favorable especially with what sounded like an especially good buying trip to China recently"

Jefferies raised Q1 EPS from $0.95 to $0.96, maintained FY12 at $5 and FY13 at $5.65.

For an analyst ratings summary and ratings history on Dollar Tree click here. For more ratings news on Dollar Tree click here.

Shares of Dollar Tree closed at $87.36 yesterday.

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